Stranding risk and Strategic Report: Difference between pages
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''Financial reporting'' | |||
All companies, that are not small, are required by the Companies Act 2006 to prepare a Strategic Report containing a fair and balanced analysis of: | |||
a) the development and performance of the company’s business during the financial year; | |||
b) the position of the company at the end of the year; and, | |||
c) a description of the principal risks and uncertainties facing the company. | |||
The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duty. | |||
[[ | The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report. | ||
==See also== | |||
* [[Annual report]] | |||
*[[Directors report]] | |||
==Other links== | |||
*[https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/FRC-Staff-Guidance-Note-Strategic-Report-Regulatio.aspx] Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts | |||
*[http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2] The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 | |||
Revision as of 10:03, 4 April 2014
Financial reporting
All companies, that are not small, are required by the Companies Act 2006 to prepare a Strategic Report containing a fair and balanced analysis of:
a) the development and performance of the company’s business during the financial year;
b) the position of the company at the end of the year; and,
c) a description of the principal risks and uncertainties facing the company.
The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duty.
The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report.
See also
Other links
- [1] Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts
- [2] The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013
